Azerbaijan sees 12% growth in solar power production

[ad_1] The production in the sector of electric power, gas and steam production, distribution, and supply amounted to AZN 1,028.5 million in January-May 2021, up 0.1% from a year earlier, Report informs, citing the State Statistical Committee. Production in the water supply, waste treatment, and processing sector has risen by 2.2%, settling at AZN 156.1… Continue reading Azerbaijan sees 12% growth in solar power production

Azerbaijan posts 9% growth in diesel production

[ad_1] In January-May 2021, Azerbaijan produced petroleum products worth AZN 1,603.6 million, which is 3% more than a year ago, Report informs, referring to the State Statistical Committee. During the reporting period, 478,700 tons of gasoline, 1,016,600 tons of diesel fuel, 20,500 tons of lubricants, 92,200 tons of petroleum bitumen were produced. The gasoline production… Continue reading Azerbaijan posts 9% growth in diesel production

ECB upgrades its forecast for GDP growth in eurozone

[ad_1] The European Central Bank (ECB) has significantly raised its forecast for GDP growth in the eurozone- up to 4.6% for the current year and up to 4.7% next year. Report informs that the head of the regulator, Christine Lagarde made the statement at a press conference. “Annual real GDP growth is expected to be… Continue reading ECB upgrades its forecast for GDP growth in eurozone